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Chinese Banks in Talks to Take Part in Gold Fix Replacement

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Chinese banks are among those in talks to take part in the replacement for the century-old gold fixing benchmark.

There’s a “more diverse pool” of participants, including from China, interested in being part of the LBMA Gold Price, Ruth Crowell, chief executive of the London Bullion Market Association, said in a statement Monday. The LBMA declined to comment on the number and names of those in talks for the new mechanism that will start in March.